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add aeal that trillion dollars to the economy. u.s. compliments on food subsidies in a latin american block. president obama praised the draft agreement. analysts say it will do more to salvage the long-running doha round of talks and to solve food shortages and tell global commerce. more on this deal later. we're going to hear. the u.s. and japanese economies will recover the most next year. find out more from the chief economist when "first up" returns. ♪ >> australia's largest insurer shares are plunging, the biggest drop in 12 years up down 21%. it is paired off that one. unexpected net loss of about $250 million. it is due to write-downs at the north american operations. this is a stock where watching for you this morning. qbe falling the most in 12 years. that will be one of the lacquers on the sx 200. on tuesday a hearing is due to begin. into the asian on the crash. happened in san francisco in july. people died when the bowl and triple seven hit a seawall as a came into land. they're going to look at the pilot performance. on wednesday it is hong kong's biggest debut in a y
as firms cutting staff so france still a big concern for the eurozone economy. we'll get more reaction on that in the next five minutes. at the same time, china is rolling out a new ipo plan. a 14 month freeze on new listings. companies will have to provide more disclosure in exchange for letting the market have more say on which deals get the green light. we're in sing ga pure with more market reaction. >> ross, beijing's news will bring the shanghai higher. the shendo boards tumbled 5%. the chinese deposit had its worst plunge ever. so before today the index had rallied more than 80% this year and it lost over 8% in today's trade. chinese authorities signal the likely resumption of ipo approvals as soon as next month. broker rages got a strong boost as can you see from the first row here. banks mostly ended in the green. health wide, new rules requiring cash dividends as well as the state council's announcement to start a preferred pallet program which may help banks shore up its core capital. but beijing is getting tougher on back door listings. while ipo approvals were stalling, ma
objection, the subcommittee is adjourned. president obama on jobs and the economy and income inequality. in less than hour, the head of of mayor confederation teachers speaks with reporters at the christian science monitor. walden,esentative greg on to make haitians and technology. communications and technology. >> a several live events to tell you about tomorrow morning. treasury secretary jack lew will be at the future will trust to discuss the state of financial reform. also on c-span2, members of the house and energy commerce subcommittee on energy and power will hear from energy regulatory commissioners. span330 eastern a.m. on c- we cover a hearing on unemployment benefits that are set to expire at the end of the month. >> from age eight, betty ford, then betty [inaudible] put on skits and plays and that led to eddington, vermont where she studied at the school of dance. these are some of her notecards. no bookstworks -- where she kept cards. she carried this with her to vermont, back to grand rapids, off to new york where she studied with martha graham and work with the powers m
. landmarkelebrating at deal that could add to the global economy. it is the first deal in the 18 year history of the wto. to help globalpt commerce and food shortages. several street firms are under investigation for the hiring. they have widening inquiring where children of high politician and clients are hired. the u.s. -- there was a big surplus in years. here is a breakdown. >> that is right. almost close to five years. exports beat estimates. , less than expected, but still up. that was as traders where -- existing stock house. -- piles. there's global momentum. european companies and south korea and the u.s. -- when analysts look at the figure, they are slightly disappointed. it shows that china is not importing as much as you would like. a user the sense that perhaps domestic is soft. really focus on the important part of the equation. they have no the export art. can they show that they are not as reliant on exports and that there is a favor for domestic consumption. cbi. begin with coming in at 3%. of course, it is within that target 3%. goodtic producers of services -- falling 1.4%.
korea and european economies consume and really rely on getting that consumer to spend more and consume more? numbers. get inflation >> that is due in at just 30 minutes from now. we are expecting cpi rising 3.1% for the month of november. that is falling from the month of october. take a look at pbi as well. >> continually falling. >> negative one point five percent is the estimate in my with what you saw in october. consistentlync. -- in that 1.5% range. >> thanks all for that. stay with china because it has been reported that an additional 5 wall st firms are under investigation for hiring practices. new york times saying regulators have widened their inquiry as to whether jpmorgan broke anti- bribery laws. last month the bank and it plans to manage china everbright ipo amid scrutiny. the wto celebrity a landmark deal that could add $1 trillion to the global economy. subsidies on food dropping opposition to a deal. president obama praised the agreement which is a first in the 18 year history of the wto. analysts say it will do more to salvage talks then food shortages and help global
. considerable fiscal constraints. we're going to see environment -- it will allow for the underlying economy to look stronger. >> the bloomberg political analyst is with us -- sequestration in 2014 is different for him last year. >> they realize -- both sides realize they made a huge mistake. interesting point to me, we had a stock market high. we have housing rates out. we have more millionaires and billionaires. you have all of this data and then you have 75% of the country saying we are on the wrong track. >> will that look like going forward when you deal with the restructuring of fannie and freddie? will we see tightening standards and will that hurt the economy even more? >> i think that is one of the challenges. there are lasting scars. we will continue to see regulatory changes and adjustments. one of those is in the mortgage market. >> can i get a mortgage in 2014? doesn't change the radically that i cannot the mortgage? >> we could see some listening, but when we look back, it will look fundamentally different than what we had during the bubble. >> let's look at today's jobs report
the disappointment has been most. we have not seen structural reform as of yet. to push the that economy forward to drive up it isment opportunity and absent. the fourth ee quarter number better assuming an upsurge as a result of the taxation going into next year? >> the anticipation of sales ax increasing next spring is bringing some spending forward. you may see some corporate ahead of that. but the disappointment in japan is we are trying to increase at all. the radical opposition to the economics program would say we should be cutting spending taxes, not increasing taxes increased spending. >> you pwroeu up obama. draw the line between what is hang with the u.s. sort of policy moving forward but in of fed and what will happen in japan. the level of linkage. ex-existential. abe economics depends on the economics and a q.e. policies. what has driven the stock market up and yen down is the huge amount of risk takers piling which is atest story abe economics and shorting the yen. sort of pullback in the global asset price to q.e. the ated yen will be shooting up and stock market would fall. wit
the economy probably added around 173,000 barrels last month alone. we will preview friday's government report. we have international trade coming along with productivity and cost. at 10:00 a.m., we get new home sales and ism nonmanufacturing. finally this afternoon we have the fed's beige book. 21 of the 30 dow components actually declined yesterday. the blue chip index dropped for a third straight day. this was a little bit of a drop because, again, three days in a row we haven't seen anything like that in several months. if you're wording about investor securities, the gauge rode to a six-week high. this morning, u.s. equity futures are indicated up slightly, up by about seven points. s&p futures down by over a point. nasdaq up about a point. and the ten-year note, this is what we've been watching so closely. the ten-year note at some point is yielding 2.8%. >> exactly. >> that's been driving the direction for a lot of these things. moving up yesterday was around 2.78. but 2.8 is where people start to sit up and take note. >> just under 16,000. vix at 14. ten-year, 2.8%. i'm not ready to sa
for the economy in his autumn statement. the chancellor is expected to lower his borrowing costs and offer suggestions that a budget surplus is in sight for the first time since the millennium. >>> still to come, we will in around 20 minutes be at college green outside the houses of parliament for a full autumn preview. joining me will be steve radially, the boss of manufacturing policy group eef. and later in the show, helia will discuss the good and the bad with the british politician lord digby jones. always were a good comment or two, digby. >>> as far as the agenda in the states today, we have initial jobless claims being released at 8:30. the number might be a preview of what might come in tomorrow's jobs report. at 8:30, we get third quarter gdp. a key benchmark on the road map to the u.s. economic recovery. and october factory orders come out this morning. they are at 10:00 a.m. >>> that's the data. what about global asset prices? let's bring you up to speed. ten minutes to the trading day, we are weighted around about 6 to 4 currently advancers outpace decliners on the dow jones s
think it will be a little problem for the economy, unless they can prove that the economy has strengthened enough to handle it. i don't think it's there yet. >> we've had one small preview of this move and it was called this summer. we saw the ten-year move back up to 3%. we know it took some momentum out of the housing market. if i'm the fed and looking at what's happening with housing, with autos, is the evidence strong enough that that did enough damage that the same will happen again? >> i think they're worried about that. i think they're absolutely worried about that, which is why they're not -- why they're not going to taper. especially why not they're going to taper into the end of the year. right? there are two many other issues in front of them. as abigail said, the changing of the fed, debt ceiling in front of us. today there's that rumor we'll come to this budget agreement before washington goes on vacation in two weeks. if that happens, that just opens the way further, i think, for a little morally. >> you sound like you're taking some profits here, abigail. are yo
, subsequent roads, transit and water investments helped fuel our economy and tie the nation together. more recently, the failure to address long-term funding has also been bipartisan. the bush administration ignored strong recommendations from their own private sector experts that they impaneled to give advice. although the obama administration did request and employ some modest funding in the recovery act and has proposed an infrastructure bank and talked extensively and i think sincerely about the need for investment, what has been lacking has been a specific concrete proposal from either party to address infrastructure financing in america. while the political maneuvering has secured here in washington, the gap in the highway trust fund has been growing and conditions of our roads, bridges and transit systems have been deteriorating. this puts america at a competitive disadvantage, complicates the movement of goods and people and contributes to congestion and pollution. at the same time, the needs grow, the resources are in significant decline. the gas tax has not been increased since t
sure our economy works for every working american. it's why i ran for president. it was the center of last year's campaign. it drives everything i do in this office. and i know i've raised this issue before, and some will ask why i raise the issue again right now. i do it because the outcome of the debate we're having right now, whether it's health care or the budget or reforming our housing and financial systems. all of these things will have real practical imply cage for every american. and i am convinced that the decisions we make on these issues over the next few years will determine whether or not our children will grow up in america where opportunity is real. now, the premise that we're all created equal is the opening line in the american story. and while we don't promise equal outcomes, we've strived to deliver equal opportunity. the idea that success doesn't depend on being born in to wealth or privilege, it depends on effort and merit. with every chapter we've added to the story, we've worked hard to put those words in to practice. it was lincoln a poor man's son who star
economy. a $1 trillion to the global economy. >> welcome to "countdown." i am mark barton. >> i am anna edwards. is a bloomberg news exclusive. shinzo abe says there are no and to abenomics. he talks about how japanese companies can stay competitive under his policies. regarding the corporate tax starting next fiscal year, we decided to reduce by 2.4% and we will be moving forward with reviews and studies on how corporate tax should be in order for japanese companies to stay competitive. thee will have a more from exclusive interview throughout the program. >> ukraine. protesters have flooded the streets of the capital among speculation that the president is going to sign up to a russian trade bloc. david tweed is there. angela merkel must be keeping a close eye on that. >> i want to give you an idea on how much of the german media and political establishment -- i want to show the right side the newspaper. this is the picture on the front and is also on the front of several other national newspapers that the statue of lenin was toppled late last night. and then decapitated. this is a bi
of the many bold ideas we have had over the past decade, new ideas to grow the economy from the middle out, to expand health care to all americans, and to improve our schools. still thatuder behind all of these policies is a simple idea -- expanding opportunity for all americans. we believe that no matter where you come from, we are all better off if we have the opportunity to succeed. it is at the heart of what we do every day. we have learned that expanding the middle class is the best way to grow and grow stronger. but i know that principle is critical. also because it has mattered so much in my own life. a suburb of boston, the child of two immigrants from india. inlived in a house bedford, massachusetts, a middle-class town. when i was five, my parents got divorced and my dad left. my mother was on her own and never held a job before. she faced going back to india are going on welfare to support her two children. , we would've been stigmatized. it was unheard of to get divorced back then. she knew our life opportunities to be limited. she made that tough choice. she states. we stayed.
to develop the digital economy within the context of the eu twenty twenty strategy to build a sustainable knowledge based economy in europe. any piece of home being champions of the digital economy for the benefits it brings to the citizens they represent a vis the us there is a kurdish member of our. it's very significant to the proposal of course today for my plea to god through ppp. specially i think we're close ups the ngos say and this development proposal on from the european and a commission specially not of course looks performance and publishers but it comes. of course you'll always be able to watch the ppt these digital content online wedding off. the city on a few days in a sixty eight to compete at any given. and this and often on the tv and be scammed by this time it's the vandalism of the cba china's white skin is running a mindset to get to speak. the white city of hope that those who have lost their sight. pity she didn't get the three hundred bc to compete against sun that he can apply for jobs in the private sector. it's a nice because it's gets to the paper gets to watc
will say that was money well spent when you look at the jobs that we will see and the fact that the economy doesn't suffer any greater than it did. and a practical standpoint, what this means for gm, look for them to issue a dividend rather quickly. and they no longer are under the t.a.r.p. pay restriction. they have long said that has been holding them back from recruiting the type of talent that they want to recruit for executives. the two big changes immediately for general motors now that uncle sam has sold all of its position. >> thanks for that update. we appreciate it. interesting that phil brings up the math in terms of how much money per day the government has lost. that was also quite a chunk of change. they were saying that they saved a million jobs. >> a million jobs? >> more than a million jobs. would it cost the broader economy more than a million jobs? how much is that cost per job to save it if you're going to do those types of calculations? >> i think it was a great thing for them to do. not just gm. we don't know all the ramifications. if they had actually rsh. >> you're t
economy. >>> in the philippines the recovery effort is still plainfully slow almost a month after typhoon haiyan hit. but there is a movement to get the local economy moving again. >> reporter: there's very, very little left on the store like at tacloban, this man knows that too well. he is a fisherman, or rather he was, given that his boat now sits a couple of kilometers inland. >> translator: before i was earning about 300 pesos a day from the catch. but now i don't earn anything because what i catch is what we eat because i don't have boat. >> reporter: his story is replicated thousands of times across tacloban. so the challenge after the emergency aid phase is to get people working and let the local economy take over again. every street in tacloban is an absolute mess and they need cleaning up, which means you have ready made jobs, which is why you have up to 20,000 people lining up to take part. >> even if they are cleaning their house, we give -- we pay them. our point is that if every one of them are cleaning up tacloban, we can revive it, and then they are able to buy things. if y
of what is expected to be a weaker payroll number in the u.s. economy. >>> germany's central bank raises its 2014 growth target for europe's largest economy as evidence shows demand from within the eurozone is finally picking up. >>> deutsche bank is to close its commodity business mainly in london and new york. display you're watching "worldwide exchange," bringing you business news from around the globe. >> a former south african president nelson mandela passed away last night at the age of 95. world leaders have been sending message messages of mourning for the leader. >> he is now resting. he is now at peace. our nation has lost its greatest son our people have lost a father. >> for now, let us pause and give thanks to the fact that nelson mandela lived, a man who took history in his hands and bent the arc of the moral universe towards justice. >> nelson mandela was not just a hero of our time, but a hero of all time. the first president of a free south africa, a man who suffered so much for freedom and justice, and a man who through his dignity and through his triumph inspired milli
indicate the and the economy and manufacturing continued to expand at a, quote, modest to moderate pace. the most upbeat news, manufacturers whose managers say she expanding and russian positive about the near-term future helps stem earlier losses in the market which ironically also cash in after good news from a private employment report, the automatic data processing report in. this is what it showed on your screen. private sector hiring in november, and and 215,000 jobs versus the expected 178,000 green, costing investors to fear the events of the fed's keeper coming sooner rather than later. you can see this picture, for direction the dow jones industrials have crossed the unchanged level 34 times. when you see we are down 59 points off of earlier lows still not anywhere near where we started the day and we want to talk about the s&p 500. the index is down for a fourth recession, losing five points. let's look at what is the. ticker symbol cf soaring after the fertilizer company says it expected to give significant additional cash to shareholders in the form of dividends, with the a
of november on optimism that the us economy is on the path to recovery and there this week may provide further evidence of that one protocol stack. here are starting off the new week and the final month of the year. the good of an email a guard standing by the tokyo stock exchange the meta twenty of the new also he stops just a touch on friday about mart big gains for the month. i think shaping up this monday morning. and how much i use indeed i'd like to be games for the nikkei last the month i actually rose nine point eight percent on the month of led largely by the stronger taller that we saw which was a lot of exports but let's not let see if i were taking off up to date december seconds and a bit of a mixed picture here of the nikkei just marching in the negative topics just barely in the positive we'll see how that develops. now i know you can take over key economic data may arise but the house in the sense that the u s jobs data on friday is going to be the big focus for today because it's gotta be the last one before the federal reserve policy meeting on december seventeenth and eighte
the economy is going to do this year and next ahead of the election. >> yeah. i think the likelihood is that the economy will continue to grow at a 2% to 2.5% late next year. that's decent, but it's not stellar. given all they have said about reducing the deficit over the next few years, it leaves room for cutting taxes. i think what the uk needs is a rebalancing towards investment and exports. the government realizes this and i think as a consequence it's unlikely to do things to throw additional fuel on the fire of consumption. >> do you think the government is doing enough? are you expecting any measures, say, on planning tomorrow from the troika? would that have helped? we had construction pmis this week very strong, rising like a phoenix out of the ashes. but many suppliers saying the supply side of that market is still very, very underperforming. >> yeah. i mean, when it comes to the supply side of the uk housing market, it really is down to things like change, having a look at the green belt legislation, trying to, you know, incentivize local authorities to watch the yen gauge
that the country's economy hide industry and trade body said it strikes across the country some two hundred million dollars. the road or vibration of the blue it to its bali people stop about and talk to some exponents of this button will give kisses aka summer that is a cynical twenty pieces is that the highest in the blood the executive board of the government to which he be the next ball is expected that this is all this the budget deficit reaching out to some discussion about this alarming. add to the commercial hub is like a civics with the outbreak of the epidemic. then the forty seven thousand visitors vaccination. the defendant's refusal of the budget documents to be in the end of the organization program of the country. after that the demented ropes activists of all the time i took that as the benefits of bad vaccinations and again it is a western plot to sterilize muslims. the director had about but found that the porto by respondents said yes please read the perspective of the strip had the energy and focus on in the wall the demise of south african leader nelson mandela on thursday. jac
and inflation data, maybe the global economy is doing better. therefore, risk assets have started to rise somewhat. let's break that down for you in terms of individual sectors. the ftse down. flat this morning. the xetra dax is up .4. the ftse is up around half of 1%. one interesting picture as far as commodities are concerned today. spot gold, 1230 is where we stand. it's down 27% this year. managed to stay fairly flat post the jobs number. on the other hand, copper is down. it's really the tapering talk outweighing the better chinese data. brent holding 111.96. on the bond market, treasuries haven't done too badly today. 2.85% in europe. 2.89%. there is a sense fairly comfortable we might get some tapering. euro dollar up to 137.68. it was at 137.16. you're not far away from the six-month high we hit last week of 103.38. chinese data and sterling, 163.66 just below the six-week number we hit last week. that's where we trend right now. in europe sixuan joins us. >> thank you, ross. happy monday. asian markets gained traction. china markets ended just marginally higher ahead of this week
because the what the nazis and the sweet is that. the and that that the economy and to amend the deal positions as much or eat at the bottom that they cannot dismiss the government and they want the government to dismiss salam. action is very difficult to predict what had happened. you'll be sucked into the model not a situation thank you very much that the professor makes all negotiable. thank you. will the world new the french forces are now taking up positions in flashpoint areas of the central african republic. it's meant to help put an end to several days of sectarian violence. an estimated four hundred people dead and forced thousands to flee their heads the country's top catholic official today appealed for calm. he's urging christians in the country to end the cycle of vengeance against the country's muslims i kept silent on the tumble in the capital boogie is koda limits. tomorrow is our chicken of the crucial during the transitional government and mainstream presentation due to the heat out of the soldiers the ripples from the former coalition to help him go. president. what
are furious about the failure to sign a trade deal with eu and turn to moscow to save the economy. >> translator: i want a new government that listens to the people and doesn't treat us like animals. >> translator: we are here to fight for our rights and our kids are brought up in a good country without corruption and where everything is fair. >> reporter: the crisis here is reaching a crucial moment and he believes he can survive with moscow's help but they are ready for a long fight to achieve aims and i'm tim friend with al jazeera. >> leaders lack constitutional power to oust the government before the presidential election in 2015. a riot breaks out in singapore's little india district after an india national was struck and killed by a bus. crowds attached police and set cars on fire and dozens were injured and 27 people were arrested. it was singapore's first major riot in four decades. and the president of venezuela won half of the elections on sunday and held control in the oil city and the capitol caracas and inflation is 54% and power outages and shortages of necessiti
the future of their economy. >> reporter: for more than ten years the money market in kabul has done a roaring business. foreign aid and investment poured into the economy, and afghans making money honestly or otherwise, traded in foreign exchange. now it's bus yeser than ever because of increasing anxiety of the local currency of the afghani. the president of afghanistan is still refuse to go sign the security pact with the u.s. that would mean some foreign forces would remain after 2014. but billion dollars of aid would remain. with that the economy is expected to collapse without that. that is causing fear in the business community. >> if it is not signed then people will be panicked and it will effect the country. it is disappointing and our businessmen are not investing. people are worried because they cannot work confidently. >> at afghans panic and exchange their money for u.s. dollars the afghani dollar is being devalued. where much of the food is imported prices are going up. >> reporter: this is where afghanis come to spend their hard earned money, but food price versus gon
and bonds. >> when you say low for longer, is that more a call on the economy or market or both? >> both. we think growth is going too slow for a longer time. we think the fed is going to keep monetary policy easy. short-term rates we think will remain where they are. longer term will budget up a bit. these are pretty high. we use a lot to choose out of that. we have a little bit more. we want to be a bit cautious for the longer-term right now. we want to make sure that people are using this diversification to understand that correlation may work against them. >> the rule next year will be a huge factor in how that plays out. we spoke with peter fisher as well. >> i think all over the world we see countries trying to make a handoff from monetary policy to fiscal policy. >> they would love to do that. >> they are trying to let go of the reins. they would like to not be the only game in town. that may be optimistic. i think we would like see fiscal policy pay a bigger role. they're trying to get a handoff to consumption of structural reform. central bankers are going to be important. they woul
on and that's jobs and growing the economy. in my home state of nevada, we still have a stubbornly high unemployment rate above the national average. despite improvements in certain sectors, there's far too many nevadans who are still looking for work. many who have been out of work for now more than a year, year and a half, going on two years, and i know it's part of the budget debate that will occur between now and january 15, will be this discussion about extending unemployment benefits. which is incredibly important to american families who have been struggling during this sustained recession. and so i would challenge my colleagues on the other side, allow us to bring forward the number of jobs legislation and bills that would help build our infrastructure back up in this country. allow us to bring these bills to a vote in this chamber so that we can get our country moving again, we can get the middle class economy moving, we can help middle class families who are trying to provide for themselves and their families with good, sustainable, family-sustainable jobs. not low-wage jobs t
of the us economy and your yarn is now at one hundred and thirty nine point one four two one nine the profit taking in the euro against the yen bow so the bistro meg is me get this easter may see some selling pressure on japanese export this city. t i tried doing things a lot for that update. officials from japanese firms hitachi and us manufacturer johnson controls are set to join forces. they plan to establish the world's largest air conditioning firm for businesses next year. he got to plan says will spin off its air conditioning business and johnson controls will obtain a sixty percent stake in the joint venture school will use our goal is to establish the world's leading air conditioning system for cars. by combining technology is home detention and chills and controls the dude's president says his firm's energy saving technology along with the us company's global sales network is a ninety lb partnership. japan's banking now boasts the strongest sales in air conditioning systems can be in cash the market. an upgraded to business on the wii with the tech market. it is. it is when sliced
in the party. chung worked to open up north korea's economy, but fell from grace in 2003. observers thought he'd be dismissed. his whereabouts were not reported again until 2006 after kim jong-il's death in 2011, chung and his wife supported the young successor. chung was given the task of meeting chinese leaders last year. >>> in tokyo, japan's chief cabinet said the government is closely monitoring cheng's reported dismissal. >> translator: the government is paying close attention to the situation in north korea. we are gathering various information, while coordinating with other countries. >> suga said there was a meeting held on the matter. the report on the possible reshuffle in pyongyang raises plenty of questions. we turn to a north korean expert for answers, a senior fellow at the korean institute for national reunification. >> it is very shocking to me, because he is the number two in politics and he was the king maker of kim jong-un when kim jong-il was -- as problem happened. a power struggle between them is maybe likely, but it's too early to happen, because, you know, kim jong-un
posts in the party. john worked to open up north korea's economy in two thousand and two eleven economic delegation to south korea. but he fell from grace in two thousand and three observers thought he'd been dismissed his whereabouts were not reported again until two thousand and six it became john eales death in two thousand and eleven china is why i supported the young successor john was given the task of meeting chinese leaders last year the report of a possible reshuffle and kill again raises plenty of questions return to north korea expert ha jin look for answers. he's a senior research fellow at the korea institute for national unification the team. it's shocking to me because you don't come from things and more than them but we both parties and town center was about to make her all consuming the two thousand and eight when king john who is in its proper happen. so i think a note on baby up with her toys started to turn from k and joe and his baby acne but his lawyer told it to happen because you don't. chinchilla i'm sure you don't put the pulp is two three of us can one not so g
up with an agreement said to be worth $18 trillion for the international economy. >> it is so agreed. >> the deal was made in bali and indonesia, aimed at increasing global commerce and making it easier for poorer countries to do trade. >> for the first time in our history we have truly delivered. we have achieved something significant. people all around the world will benefit from the package delivered here today. >> here is what is it could mean. it's claimed it will create 21 million jobs, 18 million in developing countries and cut red removing the need for many taxes and bribes. the w.t.o. is trying to remove all subsidies. the deal means that some developing countries can keep them in they are needed to feed the poor. the results are yet to be seen. india is happy it can keep its subsidy. >> i view this as a victory for the farmers of india, for the farmers, for subsistence farmers of the entire developing country. there has also been a coalition of developing countries that along with its partners, with withstood all pressures. demonstrated solidarity and achieve this. >> the b
weak global economy. >>> we're approaching the halfway mark on this news hour. still to come we'll speak to the man who spent years behind bars with nelson mandela. >>> and in sport we'll be live in brazil where the country's world cup preparations continue. [ technical difficulties ] >> sacrifice everything for what e considered to be the cause of the people -- of all of the oppressed people of the country. he had tremendous foresight not only for the people of south africa but for the world as well. he would put his personal concern at the back burner when he sees his first duty is for his former prisoners. he had problems -- i mean he had family, there were detentions, bannings and all of that. he never allowed that to interfere with what he considered to be his responsibility towards us. >> reporter: one characterist of many that matures on this island. they set out to break him here, but what happened was quite the reverse. one important stage in the making of a remarkable man. andrew simmons, al jazeera, robin island. >> let's hear from the a man who was a student leader
that the implementation of the copper has a plan on finding great economy is a priority. the long term program of the house and modernization should be beneficial for all people ahead of the government said that the people should have favorable conditions to dissipate in the program today. oh also instructed to strengthen control for the integration within the customs union. a common economic space in the world trade organization. this has been extended russia and model roos will have equal access to the chairman's since january first of two thousand fourteen as a part of the common economic space electronic for kim and procedures were determined as the main format of state quarter receipts in the compliance with the international agreement experts and business men discussed the special characteristics of the upcoming innovations in minsk the to kim and budget of the common economic space stanza two hundred billion dollars. experts believe that electronic format of the procurement process will ensure transparency in equal access. still when it is awesome it's the spiny dual seat. today the ec
276. that's been a pretty significant change. >> a big move but at the same time economy a little bit better. >> unless you count jobs numbers, right? which we'll get another look on friday. >> you want to go against the autos? >> i think gm will have great numbers. there's momentum that's difficult. david, you made the best point. do i want to sell anything other than the losers? five stocks in the dow up less than 10% and clunkers. okay in maybe you want to sell a clunker, caterpillar. a clunker, ibm. otherwise, why take the gain issue? >> i talked to a couple of guys who believe we will have a technical melt-up in the winners for this very reason. >> why would you sell them? you'll buy more or conceivably because nobody has a reason to sell them. we look at the supply. i look at the quarters to me the most important thing is not the revenue growth, not the earnings growth but the shrinkage. companies bought their own stock hand over fist and not a lot of stock for sale. i think it's major. >> looking for clues as to how business news, working into the overall american psyche, check
economy in the first place. [shouting] >> harriet harman. >> he talks about recovery and there might be a recovery for the rich but for everyone else -- [shouting] he won't stand up for the week, but when it comes to being a loyal deputy to a tory prime minister, he will go to any length, breaking promises and sellout in the principles. and the truth is that if you want to freeze energy bills and scrap the bedroom tax commits not going to be the tories to it will never be the lib dems. it's got to be labour. [shouting] >> mr. speaker, thank you there's not a government in waiting, not even in opposition in waiting. it's 18 months before the next general election. we still have no clue from those six questions with the labour party will actually do. we do know a few things. and energy con which would see prices go up rather than down. no apology to crashing economy in the first place. and a total failure to stand up to the trade unions office. mr. speaker, if they can't manage to come up with some sensible policies, if they can't manage their own party, why should anyone think that th
/2 year, 57.3 would suggest the u.s. economy is gradually regaining momentum. and on the currency markets, dollar/yen now up to 103.08, up to fresh six-month high on dollar/yen. euro/dollar, just below the 1 .36 mark we were at on thursday and sterling just back from that 1.64 of 11.6 1.6384. the aussie is the second worst performer after the g-10 in the currencies. australia's central bank says the country's currency is still uncomfortably high. those comments sending the yield down further. little urgency for more rate cuts. policymakers keeping them on hold. earlier cuts are still taking effect once inflation is tamed. joining us with his thoughts, may bank in singapore. andy, thanks for joining us. is the aussie/dollar going to get weaker? >> i think generally if you look at the markets, you look at the options site, it looks like we're probably going to see a bit of saturation on the short aussie. you're probably going to see a limit about the 90 levels. but our view is tapering in the first quarter, probably first quarter of next year, it may go down to about 88 cents against the do
as an economy in growth and per capita terms that all of the major economies for a system that delivered less effective outcomes for a smaller percentage of our population. in short, quoting somebody i know well, we were spending more each year and getting less. our economy suffered, families suffered, and all of it was unnecessary. as president obama has said, fighting to deliver quality, affordable health insurance and the security that comes with it to every american is paramount. this is about making sure that everyone in the united states gets a fair shake, and it's about the economic imperative as we continue to rebuild our economy and build a better bargain for the middle class. that's what the affordable care act does, by using touchtone american values of transparency and competition to improve health care protection, and affordability to those americans who already have insurance, and to provide new affordable care options for consumers who either don't have it or want to switch their insurance. we finally put in place real solutions that have been at work for generations, and we wi
's globally as a rapidly emerging economy priscilla has received about two hundred billion dollars in foreign direct investment in the past six years and is now the world's sixth largest economy. my advice also on my head. and they've seen the torrens title. when the great typically used in japan in two thousand the shinkansen super express trains will stop soon. no make it. thanks to him it was many sites due to the expensive stuff the reinforcements coming to break the mold. i love this system uses size moment trucks and coastlines to momentous autistic boy. it's the way to trim it was judged to be imminent the transformer substance comes out tomorrow. really old train safely and swiftly to it toss to them late in two thousand and four. we get to it we improve the effectiveness of the shinkansen is earthquake early warning system and reducehe car and we need to stop trying. when the great easter time earthquake struck for the train stops i did with no injuries to us return of july to see a stream to showing up late in the morning since two thousand and seven the result that even very large
. it could add up to $18 trillion to the global economy. >> in egypt - 21 women and girls imprisoned for protesting in october, including seven girls under 18. the red cross says 300 people have been killed in 48 hours after violence between militias and the central african republic. thousands of people are looking at refuge at the airport where french soldiers are on guard. >> some people are talking about a religious or sectarian war against christians and muslims. is that how the situation is developing? >> it's a political crisis, and unfortunately some people are using the intentions between the communities peacefully together. about 15 to 20% mousse limbs who are active in the any and now the author represented in politics and some don't like that. this is what is going on. there farmers who are mostly christians who attack muslims in that country because the seleka rebels in power. >> there have been warnings, as you know, about the possibility of what is being already described as a genocide. let's hope that doesn't happen. could it happen. >> i think the word might be - gepp
government ministers stayed an extra day to over come hitches. it will boost economy by 1 trillion-dollar boost jobs by 20 million jobs. >> it was and a dramatic four-day long meeting in bally. suddenly the impossible was discussible. >> for the first time in our history, it has really delivered. >> they have accepted a deal that will bring down some of the trade bear areas worldwide. it's a smaller package than was on the original deal in 2001 but it could bring in wider agreements to come. also it will be more transparent which will make it easier worldwide. and countries like india will be able to protect it's country for food subsidies. many in the united states it would affect world market prices. >> i view this as a victory for the farmers of india, for the farmers and the countries that india was able to put together with its partners which withstood all pressures and demonstrated solidarity and achieved this. >> not everyone is happy with the deal. farmers organizations and activists say that farmers in the developing countries will suffer from free trade. >> by including
. >> what have the major issues been for the electorate, apart from corruption? >> i think the economy is a maim maimer major issue and resources - it's linked to corruption in one form or another. you can't get away from it. for example, a central indian state to the east, it's rich in minerals and natural resources and forestry. those resources - some believe they have been plundered and no one knows where the finances have gone. people are clear about what they want from their next set of politicians. the bjp have their prime ministerial candidate. he is advocating clean pol sticks. similar to his home state. been there many times. very good roads, electricity, water supply. he can do that for the rest of india. that is what he's trying to advocate. that's where the fight will be about corruption and who can develop india into a modern 21st century state. >> it's been a month since the philippines was hit by one of the most powerful typhoons ever. millions was donated to help those recovering from the ty coons, but it will take years for it to get back on its feet. another 1,800 pe
the economy of the country. people are running away, people are disappointed and our business men are not investing. money dealers are worried because they cannot work confidently. >> as afghans panic, the afghani is devalued. prices are going up. it is at ordinary markets like this where regular afghans come to spend their hard earned currency buying food, but food prices have gone up significantly in the past few days. that's because the people who sell the food buy in dollars. and the afghanis don't bias much food and the food anchorag shors not been so pad. sacks of food has risen. >> the prices have become so high before we could buy one at a cheaper price but now it's expensive and there's less money and people are so poor they can't afford to buy anything. >> as anxiety hangs over the country's diplomatic future with the u.s., it has quickly affected the things they do worry about. simply putting food on the table. jane ferguson, al jazeera, kabul, afghanistan. >>> the pullout of american forces could jeopardize $8 billion a yore, that's how much the americans have pledged
takeaway now from the data that we're getting? >> i think the economy was strong in the third quarter and some of the weakness that we're going to get in the overall gdp number in the fourth quarter i think is exaggerated by inventory turn around. jobs are doing okay, we came back from a little swoon we had in july/august and it looks like businesses in the private sector were able to find their way through or even see through the government shutdown and hired and seem to be doing okay with the big exception to the data capital investment, simon. >> i know that's a big thing for next year. tom, the dow and s&p have each recorded eight consecutive weeks of gains. is it any wonder that we're correcting? >> i think what the market has to grapple can is what's your next catalyst to move higher? we have a modestly better economic profile built in for 2014 but it's still a better profile. while it may seem like a rather small advance from this year, the the bottom line is the incremental growth could be seen as a catalyst into the equity market in 2014. >> what do you think, rob, will work
to be the only threat this government will face. with the economy in such a terrible state, it's likely to face the challenge of hungry people who simply can no longer afford enough to eat. harriet martin, al jazeera, khartom. >>> hundreds of thousands answered going to churches, mosques, temples and synagogues. here you can see people still outside nelson mandela's mouse in johannesburg. mike hanna is now reporting. >> reporter: mandela's name rings out in the church as they sing in praise. this is an occasion both joyful and solemn, mirroring the national reaction to the death of the celebrated south african leader. throughout the country it goes through churches, the service attended by the south african president jacob zuma accompanied bus mandela's former wife. they remember the men they affectionately knew as madiba. >> when i say we pray for the nation, we pray for us not to forget some of the values that madiba stood for, that he fought for, that he sacrificed his life for. we should include those in our reflections. >> reporter: a song, too, from a new generation. some of these childre
that is the origins of the economy. what really changed, major change was when the ford was finally closed in 1898 and when they discovered a different route into the mining districts which people didn't have to go. they were all rail lines. this little town was about to go under but nobody knew this. while all of this was going on there were federal surveys going on in the entire pacific northwest determining what is the marketable timber in this region? right behind me, i don't know if you can see it or not it is basically white pine, william -- millions of acres of white pine. a report was made from a survey in 1898. that report was made public and of course you can guess what happened then. all the major timber companies including the biggest warehouser was diamond international. they came to this area. so that is really what produced the town. when you walk through the town today that was the town that was primarily reduced. the town's population was about 500 in 1900. by 1910 it was almost 8000. coeur d' alene today is a modern progressive city and we depend pretty much not entirely, but tou
the second largest currency and economy. high in the critical parts of the capital. thousands of protesters threw rocks and the heavenly gandhi prime minister's own face. police responded with t gas rather than expand to ten in. the i use the forestry get another protest outside the u k wants to. i will give them what i came here to tell police the chapel is now shooting they messed up sitting retired. as the days events of the sevens nationwide to come out on strike industry to self govern but this entry to the office a few comments forcing them to wait outside he appealed for reconciliation cry nineteen the economic consequences of the unrest the end tradespeople and the tree it's the enhancement how thai people. you see that. a man trying to keep it in. on the picket the issue. this time of means no money thailand's tourism appeal but many can mesh upper sixties. it was clear that the weekend. the country's tourism and sports ministry said around three hundred thousand people have canceled trips to thailand due to the chaos. the financial loss has already reached an estimated her being g
is at the crossroads. the economy expanding menu opened the doors to women with enthusiasm may bring the country. i'm not that the mention of growth. you've got to sit down and his hero japan center and emperors have received a grand welcome in india on their first official trip to the country and fifty three years the imperial couple attended a banquet at the presidential palace in new delhi the reception open with the japanese and indian national anthems about ninety guests from the two countries welcome the emperor and empress any presents or not at mckay dee dee is an opening address that the emperor has been asked about his official visit as crown prince fifty three years ago and he praised india's dedication to peace they are asking are you still consider creativity and now i am looking into the top of the lot. the new team on now. see the one on the penny celia the show pushed it to them on at the next. increase annual japan and india can continue bilateral cooperation and friendship the bank president and chief for india's assistance after the two thousand and eleven earthquake and tsunami
economy. but how the military will deal with the war and factions will be a big test. andrew simmons al jazeera beirut. >> and an update on syria we have reports that two people have been killed in an explosion in damascus. this is according to syrian state television, an explosion by suicide bomber who blew himself up in central damascus this tuesday and 17 people are injured and we will bring you information on this breaking story if and when we have it. the powerful north korea un has been removed from his post. and he was widely believes to be the power behind the north korean leader and held vice chairman of the commission and there are reports that two of his close associates have been executed following corruption charges. the u.s. vice president expressed concerns over china's expansion of the air defense zone in the east china sea and it was in japan and the first stop in a three-nation tour of asia and he will make a visit to china on wednesday and tokyo and bejing are talking about this. a human bird flu and saying it could be spreading beyond main line china and a woman in i
of the fiscal crises and a brinkmanship that has hampered the economy -- economic recovery and driven public opinion of congress to an all-time low. and patty mary -- murray encountered last-minute resistance from houston rally leaders who had said any deal should be accompanied by an extension of expiring unemployment benefits for 1.3 million workers. has tempered expectations for deals on the budget and the farm bill yesterday. neither issue appears to be poised for conclusion. and if there's a press conference, there is clearly no agreement on a budget from the two chief negotiators. their self-imposed deadline is next friday, december 13. sources indicated that an agreement could be announced in the coming days. speaker boehner did not say whether he would move forward to pass a short-term continuing resolution that would float the government for january 16. details available online at the senate will be in session for another week after the house. the house will recess for the holidays next friday. you can watch all of this on c- span. the senate on c-span 2. moran there i
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